With back-to-back court losses, how panicky BoU officials stampeded a reluctant Mutebile to move Crane Bank into liquidation On November 09th 2020, Bank of Uganda Governor, Professor Emmanuel Tumusiime Mutebile after rejecting a move to progress Crane Bank into liquidation since May 2019, finally agreed to make the move, that many commercial lawyers say is ill-advised. What chances of success does he have and what will be the next move from Dr. Sudhir’s camp?
Prof. Emmanuel Tumusiime-Mutebile, (1949-2022)
Prior to 2017 and for a long time, everyone knew Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile as a no-nonsense man. The tough-talking Mutebile, together with her iron-lady Executive Director Bank Supervision, Justine Bagyenda had what seemed like a good game going on.
So infallible was Bank of Uganda at the time that when it closed National Bank of Commerce on 27th September 2012
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